Franco-Nevada Corp
TSX:FNV

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Franco-Nevada Corp Logo
Franco-Nevada Corp
TSX:FNV
Watchlist
Price: 241.31 CAD -1.17%
Market Cap: 46.5B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FNV stock under the Base Case scenario is 98.75 CAD. Compared to the current market price of 241.31 CAD, Franco-Nevada Corp is Overvalued by 59%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FNV Relative Value
Base Case
98.75 CAD
Overvaluation 59%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

27.6
P/S
P/S
Price to Sales
27.6
vs History
6
vs Industry
27
Median 3Y
20.8
Median 5Y
21.7
Industry
1.8
Forward
24
More Details
54.9
P/E
P/E
Price to Earnings
54.9
vs History
17
vs Industry
4
Median 3Y
36.3
Median 5Y
40.2
Industry
16
Forward
42.2
More Details
36.1
P/OCF
P/OCF
Price to OCF
36.1
vs History
7
vs Industry
6
Median 3Y
27.4
Median 5Y
28.1
Industry
9.3
More Details
201
P/FCFE
P/FCFE
Price to FCFE
201
vs History
7
vs Industry
4
Median 3Y
49.4
Median 5Y
56.2
Industry
15.6
More Details
5.4
P/B
P/B
Price to Book Value
5.4
vs History
3
vs Industry
13
Median 3Y
4.1
Median 5Y
4.3
Industry
1.6
More Details
26.7
EV/S
EV/S
Enterprise Value to Sales
26.7
vs History
7
vs Industry
26
Median 3Y
19.7
Median 5Y
20.8
Industry
2.1
Forward
23.2
More Details
38.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
38.2
vs History
14
vs Industry
8
Median 3Y
31.1
Median 5Y
32.7
Industry
7.2
More Details
31.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
31.3
vs History
11
vs Industry
6
Median 3Y
23.9
Median 5Y
25.1
Industry
10.2
Forward
25.5
More Details
40.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
40.5
vs History
14
vs Industry
5
Median 3Y
32.4
Median 5Y
34.4
Industry
13
Forward
33.2
More Details
34.8
EV/OCF
EV/OCF
Enterprise Value to OCF
34.8
vs History
7
vs Industry
7
Median 3Y
25.6
Median 5Y
27.3
Industry
10.5
More Details
191.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
191.7
vs History
4
vs Industry
3
Median 3Y
46
Median 5Y
50.4
Industry
13.9
More Details
6
EV/IC
EV/IC
Enterprise Value to IC
6
vs History
1
vs Industry
13
Median 3Y
4.7
Median 5Y
4.7
Industry
1.4
More Details

Multiples Across Competitors

FNV Competitors Multiples
Franco-Nevada Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Franco-Nevada Corp
TSX:FNV
46.4B CAD 27.6 54.9 31.3 40.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 621.7 36 169.2 19 953.4 22 897.9
ZA
Gold Fields Ltd
JSE:GFI
401.4B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
170.6B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
480B CNY 1.6 13.3 11.4 11.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
85.6B CAD 6.9 25.9 11.7 16.6
US
Newmont Corporation
NYSE:NEM
61.1B USD 3.1 12.1 6.8 9.3
CA
Wheaton Precious Metals Corp
TSX:WPM
56.3B CAD 28.1 66.1 39.4 53.1
CA
Barrick Gold Corp
TSX:ABX
47.1B CAD 2.6 14.8 5.2 7.2
RU
Polyus PAO
MOEX:PLZL
2.4T RUB 3.5 7.9 6.1 6.7
ZA
DRDGOLD Ltd
JSE:DRD
24.6B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average P/S: 1 461.9
27.6
7%
3.9
RU
P
Polyus PJSC
LSE:PLZL
11 621.7
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
13%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
13%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.6
9%
0.2
CA
Agnico Eagle Mines Ltd
TSX:AEM
6.9
7%
1
US
Newmont Corporation
NYSE:NEM
3.1
0%
N/A
CA
Wheaton Precious Metals Corp
TSX:WPM
28.1
15%
1.9
CA
Barrick Gold Corp
TSX:ABX
2.6
10%
0.3
RU
Polyus PAO
MOEX:PLZL
3.5
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
12%
N/A
P/E Multiple
Earnings Growth PEG
CA
Franco-Nevada Corp
TSX:FNV
Average P/E: 4 545.5
54.9
21%
2.6
RU
P
Polyus PJSC
LSE:PLZL
36 169.2
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
24%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
43%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
13.3
17%
0.8
CA
Agnico Eagle Mines Ltd
TSX:AEM
25.9
9%
2.9
US
Newmont Corporation
NYSE:NEM
12.1
13%
0.9
CA
Wheaton Precious Metals Corp
TSX:WPM
66.1
20%
3.3
CA
Barrick Gold Corp
TSX:ABX
14.8
15%
1
RU
Polyus PAO
MOEX:PLZL
7.9
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
29%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBITDA: 2 508.2
31.3
17%
1.8
RU
P
Polyus PJSC
LSE:PLZL
19 953.4
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
17%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
27%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.4
26%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
11.7
9%
1.3
US
Newmont Corporation
NYSE:NEM
6.8
6%
1.1
CA
Wheaton Precious Metals Corp
TSX:WPM
39.4
18%
2.2
CA
Barrick Gold Corp
TSX:ABX
5.2
16%
0.3
RU
Polyus PAO
MOEX:PLZL
6.1
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
37%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Franco-Nevada Corp
TSX:FNV
Average EV/EBIT: 2 880.3
40.5
14%
2.9
RU
P
Polyus PJSC
LSE:PLZL
22 897.9
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
34%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.4
19%
0.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
16.6
12%
1.4
US
Newmont Corporation
NYSE:NEM
9.3
7%
1.3
CA
Wheaton Precious Metals Corp
TSX:WPM
53.1
16%
3.3
CA
Barrick Gold Corp
TSX:ABX
7.2
14%
0.5
RU
Polyus PAO
MOEX:PLZL
6.7
N/A N/A
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
51%
N/A

See Also

Summary
FNV intrinsic value, competitors valuation, and company profile.
DCF Valuation
FNV stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FNV stock valuation using valuation multiples.
Wall Street Estimates
FNV price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FNV stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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